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Analysis of Food‐Away‐from‐Home Expenditure Patterns for U.S. Households, 1982–89
Author(s) -
Byrne Patrick J.,
Capps Oral,
Saha Atanu
Publication year - 1996
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243279
Subject(s) - food away from home , economics , consumption (sociology) , commodity , panel data , demographic economics , econometrics , consumer expenditure survey , agricultural economics , food consumption , public economics , aggregate expenditure , market economy , social science , sociology
The two‐step decision process for food‐away‐from‐home (FAFH) consumption is empirically estimated using a generalization of the Heien and Wessells approach. Household information gathered by the National Panel Diary Group is used for the analysis. Marginal effects are corrected by untangling the respective variable impacts on the inverse Mills ratio. Expenditure and participation probability elasticities are similar to previous studies. Income elasticities are about 0.20, suggesting that the FAFH commodity is a necessary good for U.S. society. Northeastern households are less likely to consume FAFH than other households, but their expenditures are higher on average.